Exxon Mobil Co. (XOM) Holdings Boosted by Aull & Monroe Investment Management Corp
Aull & Monroe Investment Management Corp raised its position in Exxon Mobil Co. (NYSE:XOM) by 11.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,494 shares of the oil and gas company’s stock after buying an additional 5,503 shares during the period. Exxon Mobil accounts for about 2.2% of Aull & Monroe Investment Management Corp’s investment portfolio, making the stock its 12th biggest position. Aull & Monroe Investment Management Corp’s holdings in Exxon Mobil were worth $4,342,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Macroview Investment Management LLC bought a new stake in shares of Exxon Mobil during the first quarter worth $102,000. Corbyn Investment Management Inc. MD bought a new stake in shares of Exxon Mobil during the first quarter worth $110,000. KHP Capital LLC bought a new stake in shares of Exxon Mobil during the first quarter worth $111,000. Clearwater Capital Advisors LLC bought a new stake in shares of Exxon Mobil during the first quarter worth $122,000. Finally, Trilogy Capital Inc. bought a new stake in shares of Exxon Mobil during the first quarter worth $149,000. Hedge funds and other institutional investors own 52.48% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. Societe Generale set a $92.00 price objective on shares of Exxon Mobil and gave the stock a “buy” rating in a research report on Wednesday, September 26th. Wells Fargo & Co reissued a “neutral” rating and set a $88.00 price objective on shares of Exxon Mobil in a research report on Wednesday, September 26th. BNP Paribas set a $85.00 price objective on shares of Exxon Mobil and gave the stock a “sell” rating in a research report on Thursday, October 4th. Credit Suisse Group reissued a “neutral” rating and set a $80.00 price objective on shares of Exxon Mobil in a research report on Tuesday, October 2nd. Finally, Jefferies Financial Group reissued a “neutral” rating and set a $87.00 price objective on shares of Exxon Mobil in a research report on Friday, September 28th. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $87.08.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, July 27th. The oil and gas company reported $0.92 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.34). Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The business had revenue of $73.50 billion for the quarter, compared to analyst estimates of $71.66 billion. During the same quarter in the previous year, the company posted $0.78 EPS. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. As a group, equities research analysts predict that Exxon Mobil Co. will post 4.6 EPS for the current year.
In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total value of $1,260,300.00. Following the completion of the sale, the vice president now owns 214,774 shares in the company, valued at $18,045,311.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.08% of the company’s stock.
About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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